New York Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• Control #: US-EG-9097
• Format: Word; Rich Text

Description

Stockholders Agreement among Schick Technologies, Inc., David Schick, Allen Schick and Greystone Funding Corporation dated December 27, 1999. 5 pages A New York Stockholders Agreement is a legal document that outlines the rights and responsibilities of stockholders in a company. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, this agreement serves as a key instrument in governing their relationship and ensuring smooth operations. The Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp establishes several crucial elements. Firstly, it defines the rights and obligations of each party, such as voting rights, information-sharing, and decision-making processes. It ensures that major decisions, such as changes to the company's structure or management, require the consent of all parties involved. Additionally, the agreement may address matters related to the issuance or transfer of shares. It can specify restrictions or guidelines on when and how shares can be bought or sold, in order to maintain stability and protect the interests of all stockholders. Furthermore, it may outline provisions related to dividends, profit sharing, and financial reporting, enhancing transparency and accountability. There are different types of New York Stockholders Agreements that can be tailored to specific circumstances. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, some possible variations may include: 1. Voting Agreement: This specific type of agreement focuses on determining how voting rights will be exercised and may involve provisions on board representation and voting thresholds. 2. Drag-Along Agreement: This agreement allows a majority stockholder to compel minority stockholders to sell their shares in the event of a sale of the company, ensuring a unified front and facilitating a potential acquisition. 3. Buy-Sell Agreement: This variation establishes a mechanism for stockholders to buy or sell their shares in predefined circumstances, such as a shareholder's death, disability, or termination of employment. 4. Shareholder Control Agreement: If there is a particular stockholder who holds a significant portion of the company's shares, this agreement can address the division of control and decision-making power among shareholders. These variations demonstrate that the specific needs and dynamics of the parties involved can shape the structure and content of a New York Stockholders Agreement. Each agreement aims to protect the rights and align the interests of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, while also enabling effective governance, decision-making, and ownership management within the company.

A New York Stockholders Agreement is a legal document that outlines the rights and responsibilities of stockholders in a company. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, this agreement serves as a key instrument in governing their relationship and ensuring smooth operations. The Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp establishes several crucial elements. Firstly, it defines the rights and obligations of each party, such as voting rights, information-sharing, and decision-making processes. It ensures that major decisions, such as changes to the company's structure or management, require the consent of all parties involved. Additionally, the agreement may address matters related to the issuance or transfer of shares. It can specify restrictions or guidelines on when and how shares can be bought or sold, in order to maintain stability and protect the interests of all stockholders. Furthermore, it may outline provisions related to dividends, profit sharing, and financial reporting, enhancing transparency and accountability. There are different types of New York Stockholders Agreements that can be tailored to specific circumstances. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, some possible variations may include: 1. Voting Agreement: This specific type of agreement focuses on determining how voting rights will be exercised and may involve provisions on board representation and voting thresholds. 2. Drag-Along Agreement: This agreement allows a majority stockholder to compel minority stockholders to sell their shares in the event of a sale of the company, ensuring a unified front and facilitating a potential acquisition. 3. Buy-Sell Agreement: This variation establishes a mechanism for stockholders to buy or sell their shares in predefined circumstances, such as a shareholder's death, disability, or termination of employment. 4. Shareholder Control Agreement: If there is a particular stockholder who holds a significant portion of the company's shares, this agreement can address the division of control and decision-making power among shareholders. These variations demonstrate that the specific needs and dynamics of the parties involved can shape the structure and content of a New York Stockholders Agreement. Each agreement aims to protect the rights and align the interests of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, while also enabling effective governance, decision-making, and ownership management within the company.